AT&T Inc. (NYSE:T)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Tuesday.
Several other research analysts also recently issued reports on T. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $39.81 price objective for the company. in a research note on Tuesday, November 22nd. Deutsche Bank AG reduced their target price on AT&T from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, November 14th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of AT&T in a report on Tuesday, November 8th. Credit Suisse Group AG reiterated a “buy” rating and issued a $47.00 target price on shares of AT&T in a report on Monday, November 7th. Finally, Independent Research GmbH upgraded AT&T from a “sell” rating to a “hold” rating and upped their target price for the company from $36.00 to $39.00 in a report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company. AT&T has a consensus rating of “Hold” and a consensus target price of $41.24.
Shares of AT&T (NYSE:T) opened at 39.54 on Tuesday. The firm has a market cap of $242.82 billion, a PE ratio of 16.82 and a beta of 0.35. The company’s 50 day moving average is $37.69 and its 200-day moving average is $40.25. AT&T has a 12 month low of $33.01 and a 12 month high of $43.89.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, October 10th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.90%. AT&T’s dividend payout ratio (DPR) is presently 81.70%.
In other AT&T news, Director Geoffrey Y. Yang purchased 27,129 shares of the company’s stock in a transaction dated Tuesday, October 25th. The stock was purchased at an average price of $36.91 per share, for a total transaction of $1,001,331.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.07% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. American Economic Planning Group Inc. ADV boosted its position in AT&T by 0.4% in the third quarter. American Economic Planning Group Inc. ADV now owns 8,898 shares of the company’s stock valued at $362,000 after buying an additional 32 shares during the period. Family Firm Inc. boosted its position in AT&T by 0.5% in the second quarter. Family Firm Inc. now owns 7,536 shares of the company’s stock valued at $326,000 after buying an additional 35 shares during the period. Delphi Private Advisors LLC boosted its position in AT&T by 0.9% in the second quarter. Delphi Private Advisors LLC now owns 5,074 shares of the company’s stock valued at $219,000 after buying an additional 44 shares during the period. Cornerstone Investment Partners LLC boosted its position in AT&T by 0.6% in the second quarter. Cornerstone Investment Partners LLC now owns 9,554 shares of the company’s stock valued at $413,000 after buying an additional 54 shares during the period. Finally, Cohen Lawrence B boosted its position in AT&T by 0.4% in the second quarter. Cohen Lawrence B now owns 13,585 shares of the company’s stock valued at $587,000 after buying an additional 60 shares during the period. Institutional investors own 52.95% of the company’s stock.
AT&T Company Profile